1.50 price by April, page-10

Hi Eqz.
I don't hold shares in LFS at the moment, though it's on my shortlist.
The next distribution amount (just announced) is 0.04 per share, so not sure where the 1.377 figure came from. As you said, that would make no sense.
LFSPA is a convertible note issued by LFS at 100.00 per note. It pays 4.75% interest based on that par value of 100.00, so with the notes actually trading at only 94.25 at close today, the interest rate is even higher. Buying some of the convertible notes might be a safer dividend play for you than the shares, because the interest payment on the notes is guaranteed to be 0.0475 per annum, whereas the dividend from the head shares is not guaranteed. However, as it currently stands, the yield on the shares is higher and who knows? Maybe it will stay that way.
Best of luck with your investing.